Walmart Reaches Support

Walmart Reaches Support

Key levels are in play. The early June breakout drove shares of WMT to new all time highs. At the July peak the stock had extended its gain off the 2019 lows to 26%. This powerful move pushed shares back to overbought levels(daily MACD) that have been a headwind...
Wal-Mart Reaches New Highs

Wal-Mart Reaches New Highs

Shares of retail giant Wal Mart are heading for their best close of the year.  At mid day the stock is up 1.7% and is beginning to pierce heavy resistance near the $104.00 area.  This key zone capped the February, April and May highs.  Once this area is taken out WMT...
Target Tracking Higher

Target Tracking Higher

Target is a top ten gainer in the S&P 500 Index today.  Shares are up 3.2% as the post earnings breakout to a 15% gain.  TGT is now just pennies from reaching new 2019 highs.  A clear take out of the $84.00 area could spark quite a run. TGT still has short fuel...
Dow Stats on Fed Day

Dow Stats on Fed Day

The Dow Jones Industrial Average closed down 352 points today.  Ahead of the Fed announcement the Dow was up just over 380 points.  At the day’s low the Dow had fallen nearly 900 points from the intra day high before mounting a late bounce.  The Dow closed at...
Walmart Slides After Earnings

Walmart Slides After Earnings

Despite solid earnings results this morning shares of mega retailer Walmart are under extreme pressure.  The stock is off over 2.5% in the early going after opening the session with a nice gain.  This extends $WMT’s pullback from Monday’s spike high to...